Bloomberg News

Peru Stocks: Brocal, Siderperu, Southern Copper, Panoro

May 30, 2012

The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of the close of trade.

The Lima General Index (IGBVL) fell for the first time in five days, dropping 0.7 percent to 20,875.09. The MSCI All Peru Capped Index slid 0.6 percent to 2,667.04.

Empresa Siderurgica del Peru SAA (SIDERC1 PE), a unit of Gerdau SA known as Siderperu, declined 1.4 percent to 72 centimos. Shares fell on concern the European debt crisis will crimp economic growth, said Javier Frisancho, a trader at Lima- based brokerage Kallpa Securities SAB. A slowdown in China’s economy would have a strong impact on Peru’s growth, central bank President Julio Velarde said yesterday.

Southern Copper Corp. (SCCO:US) , Peru’s biggest copper producer, slid 1.5 percent to $28.96 as copper tumbled to a 2012 low in New York.

Panoro Minerals Ltd. (PML) , a Canadian copper and gold exploration company, fell 1.4 percent to 69 cents.

Sociedad Minera El Brocal SAA (BROCALC1 PE), a zinc and lead producer, dropped 2 percent to 47.50 soles after the metals declined in London.

Cia. Minera Milpo (MILPOC1) (MILPOC1 PE), a zinc and lead producer controlled by Sao Paulo-based Votorantim Metais Ltda., fell 1.6 percent to 4.23 soles.

To contact the reporter on this story: Alex Emery in Lima at aemery1@bloomberg.net.

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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Companies Mentioned

  • SCCO
    (Southern Copper Corp)
    • $28.26 USD
    • 0.36
    • 1.27%
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